Thu, 23 May 2013
Exploit the power of digital with The Lawyer Acumen
The Lawyer Acumen is a comprehensive online resource giving everyone in the legal market real-time business intelligence on the sector.
21 July 2009 | By Luke McLeod-Roberts
9 August 2010
19 October 2012
The UK200 2011
18 October 2006
23 October 2006
Birmingham-based Martineau has posted a 24 per cent drop in profit per equity partner (PEP) for the 2008-09 financial year.
Equity partners will make an average of £198,000 compared with £260,000 for the 2007-08 financial year.
This comes as the firm reports a drop in turnover of nine per cent, falling from £23.2m in 2007-08 to £21.2m in 2008-09.
A number of specialist groups experienced growth, including investment funds which increased by 22 per cent, and energy, which expanded five per cent.
This follows news that head of energy Andrew Whitehead is to take up the role of senior partner as of January 2010 following a contested election (9 July 2009).
Rural bliss | 21-Jul-2009 5:01 pm
£198k? Blimey, me and my mates working as one man bands out in the sticks make more than that. Plus we work in a pleasant environment, not in grotty Birmingham, and have no tedious partnership bureaucracy to account to.I bet some of these firms are regretting becoming LLP's with the consequent public access to their embarrassing financial staistics.
Unsuitable or offensive?
Report this comment
Anonymous | 21-Jul-2009 11:27 pm
I too would hate to work in Birmingham.
Anonymous | 22-Jul-2009 11:48 am
Another casualty of the dreamers wrapped up in the Big City Plan. The one's who think Birmingham is still England's commercial heartland and who are biding their time until the apocalypse comes and Brum is the only big city above the plimsoll line. The West Midlands is one of the worst regions hit by this recession and the only way these firms can keep their heads above water is a re-focus on what they're good at. They'll go the way of Cobbetts - like many of the mid-tier firms in Birmingham - way too much puff.
Offended of Birmingham | 22-Jul-2009 1:25 pm
Birmingham has heard it all before from yokels who couldn't cut it in a big city... Me thinks the wingers doth protest too much - did you all fail the interviews?Interested to know how you're earning more than £198k - is that miners claims?
Rural bliss | 23-Jul-2009 10:01 pm
To continue the Shakespearean theme (the one good thing to originate from the West Midlands)."Man, proud man,Drest in a little brief authority,Most ignorant of what he's most assured..."Thanks for entertaining us yokels. I suspect here speaks a bitter and twisted man who couldn't cut it in THE big city, and lives a life of smouldering resentment, gazing out over the drab Brummy skyline and wondering where it all went wrong.How do we earn more than £198k? Easy peasy, low overheads and high profits. You should try it sometime, and put an end to the permanent embarassment of having to admit where you work.(And by the way, it's whingers, not wingers and miners', not miners - just to avoid further embarassment).
Attenborough | 24-Jul-2009 4:11 pm
....a bitter and twisted [lawyer] who couldn't cut it in THE big city, [who] lives a life of smouldering resentment, gazing out over the drab Brummy skyline and wondering where it all went wrong....Sounds like there could be a great TV screenplay in there somewhere. I would cast Trevor Eve in the leading man role. Any suggestions for a title, or episodic plot themes?
Dickie | 24-Jul-2009 4:31 pm
How about "Brumagem's Briefs", a TV satire, each episode of which will track a different fictional, high-street and higher profile lawyer working in and around the Edgbaston area of the City. I would cast Trevor Eve in Episode 1 as "Edgar Potchelnik" a third generation descendant of Andorran immigrants who is mysteriously instructed by the Home Office despite not being on their official panel in connection with the deportation of unlawful aliens - from Andorra! (Andorra in the Max Frisch sense - not in the Andorra sense, you understand)
Anonymous | 27-Jul-2009 5:59 pm
A firm that has treated their staff well, if PEP falls at least the staff numbers are intact. The Equity Partners took the hit, imagine what this did for staff morale. Unlike certain other firms who could not wait to reward years of loyalty with a P45, especially London based firms who have had to cut profitable regions to save their low profit and rather incompetent London staff (with competition for workers so high in the City you simply have to set your standards lower).
Anonymous | 6-Aug-2009 7:40 pm
I only came on this site because I wanted to see if Martineau's latest round of redundancies has hit the legal press. Imagine my surpirise when I read the comments of anonymous @ 5.59 pm 27 July! He is clearly an equity partner at Martineau trying to put a positive spin on things when he and everyone else knows how they treat their staff. Personally, I would take the £198k figure with a pinch of salt as well. There's not too much wrong with Brum though.
Subscribe to The Lawyer today and get all the latest news stories, both domestic and global, and analysis of the legal sector.
A subscription includes:
The latest legal news, opinion, analysis, jobs and events. Wherever you are, whenever you need it.
Let us help you with an integrated approach to mobile and online advertising.
Site powered by Webvision